RiTdisplay (TPE:8104) ROCE % : 6.43% (As of Sep. 2024)

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What is RiTdisplay ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. RiTdisplay's annualized ROCE % for the quarter that ended in Sep. 2024 was 6.43%.

RiTdisplay ROCE % Historical Data

The historical data trend for RiTdisplay's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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RiTdisplay ROCE % Chart

RiTdisplay Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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3.98

9.85

10.08

5.07

1.20

RiTdisplay Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															1.09	-1.70	3.31	4.97	6.43

RiTdisplay ROCE % Calculation

RiTdisplay's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	42.502	/	( ( (5291.31 - 1589.07)	+	(5025.142 - 1639.41) )	/ 2 )
	=	42.502	/	( (3702.24	+	3385.732)	/ 2 )
	=	42.502	/	3543.986
	=	1.20 %

RiTdisplay's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	215.496	/	( ( (5231.83 - 1857.591)	+	(5840.163 - 2511.424) )	/ 2 )
	=	215.496	/	( ( 3374.239	+	3328.739 )	/ 2 )
	=	215.496	/	3351.489
	=	6.43 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

RiTdisplay (TPE:8104) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

RiTdisplay ROCE % Related Terms

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RiTdisplay Business Description

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Address

No. 12, Kuanfu North Road, Hsinchu Industrial Park, Hukou Township, Hsinchu, TWN, 30351

Website

https://www.ritdisplay.com

RiTdisplay Corp is engaged in the research development and manufacturing of the organic light-emitting diode. RiTdisplay combines technologies, R&D, and sales and marketing strategies to provide flat-panel display products to its customers. Geographically, it derives a majority of its revenue from China and also has a presence in America; Taiwan, and Other countries.

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